Terrorism Insurance!!!

[Brummmie]

New column appeared on my rent invoice, Terrorism Insurance!
Not a great deal of money, but what a p!ss take..
I cant imagine the Taliban waging war on brake pad suppliers?

[The Moose]

No, but could the blow a plane up overhead?

[TheEnd]

Would it come under an act of God?

[grumbas]

Not sure why it would appear on your rent invoice but it's a common option on business insurance packages.

Admittedly better suited to high street shops in major cities, but still something some will want to insure against, very much a case of read the small print though!

[The Moose]

TheEnd said:

Would it come under an act of God?

Are terrorists blowing themselves up an act of God?

[Brummmie]

grumbas said:

Not sure why it would appear on your rent invoice but it's a common option on business insurance packages.

Admittedly better suited to high street shops in major cities, but still something some will want to insure against, very much a case of read the small print though!

I have to have buildings insurance (via my landlord), fair enough, but this has just popped on.

[anonymous-user]

The landlord was obviously happy to tick that box, seeing as he's not the one paying.

[dacouch]

Brummmie said:

New column appeared on my rent invoice, Terrorism Insurance!
Not a great deal of money, but what a p!ss take..
I cant imagine the Taliban waging war on brake pad suppliers?

I assume the boss of the print works in a small town in France would have said the same thing until recently.

If you're outside of London the premium for terrorism should be relatively small.

[insurance_jon]

Terrorism insurance is a funny old area.

If it is the standard "Pool Re" cover which is essentially backed by the govt, the cover is a bit poor. This is because their definition of of terrorism is

"acts of persons acting on behalf of, or in connection with, any organisation which carries out activities directed towards the overthrowing or influencing, by force or violence, of Her Majesty’s government in the United Kingdom or any other government de jure or de facto"

so for a claim to be valid, it has to have been by collusion of 2 or more people to commit a POLITICALLY MOTIVATED act of terrorism with the intention to influence or overthrow the govt.

If the cover is outside of Pool Re, ie by an insurer such as NMU, then the cover is wider and covers religiously motivated attacks, including persons acting on their own.

either way, for both policies to be valid the act of terrorism needs to be within 250 metres of he insured risk.

so in central london its a must, scarborough less essential

[insurance_jon]

on another point, many banks are insisting mortgaged properties have the cover regardless of whether the landlord wants it

[Simpo Two]

TheEnd said:

Would it come under an act of God?

'Act of Another God' I think...